Caixin
Jan 21, 2019 09:01 PM
ECONOMY

Update: Rapid Slowdown in China Could Threaten ‘Systemic Financial Stability,’ IMF Says

The International Monetary Fund warned on Monday that a faster-than-expected slowdown in China could damage “systemic financial stability.” Photo: VCG
The International Monetary Fund warned on Monday that a faster-than-expected slowdown in China could damage “systemic financial stability.” Photo: VCG

(Davos, Switzerland) — The International Monetary Fund (IMF) on Monday announced that it has lowered its 2019 projection for economic growth globally, warning that a faster-than-expected slowdown in China could damage “systemic financial stability.”

The IMF forecasts that the global economy will grow by 3.5% in 2019, it said in its latest World Economic Outlook (WEO) report, down from its October forecast of 3.7%, which was itself lowered from a 3.9% forecast set earlier that year.

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